sounds plausible, yeah. Looking at wiki on demographics of yugoslavia, croatia, serbia and bosnia is a bit interesting; 81', which appears the peak, has yugoslavian as the ethnicity of 5.4% of yugoslavia total, 7.9% of bosnia and herzegovina (and there it was even higher, 8.4% in 61' which isn't even remotely the case in the other 2 countries - serbia and croatia have fractions of a % in 61'), 4.1% of serbia, and interestingly 8.2% in croatia. Today ofc its essentially 0% in all of them.
So by the end of yugoslavia, got relatively substantial but still by far the majority always identified with some specific ethnicity.
Now I presumed most people revised their identification in 90' for political reasons/safety, but could be emigration as you say played a significant role too, especially in bosnia.
And yeah, a fair proportion would prob be offended by an imputation of yugoslavian identity today, because of the ethnically divided politics.
But I think further than that, a significant chunk of the people not too happy that yugoslavia failed and disintegrated (such as myself and I believe many left-leaning people around) still can't see much sense in identifying as being ethnically yugoslavian. Yugoslavia is no more; yugoslavian identity was a composite one in its rather recent origin; people knew specific ethnicities of their parents and choose to think of themselves as yugoslavian first, or interpreted having parents of different ethnicities as being that identity. As a political project - and it was that - it died just by the time it was getting any substantial traction, so seems rather pointless today.